Medicare Part B Premiums to Rise by 5.9% in 2025

The new premium rate will exceed the Social Security cost-of-living adjustment, impacting retirees' benefits.

The Centers for Medicare and Medicaid Services announced a Part B premium increase to $185 per month in 2025, up from $174.70 in 2024.
The annual deductible for Medicare Part B will also rise, from $240 to $257.
The increase in premiums surpasses both the 2.5% Social Security COLA and the 3.2% inflation rate recorded in October.
High-income earners will face additional costs through the Income-Related Monthly Adjustment Amount (IRMAA), affecting about 8% of beneficiaries.
Historically, Medicare Part B premiums have consistently outpaced Social Security COLA, contributing to financial strain on many seniors.